Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets [Abstract]
Real Estate Investment Property, Net	$ 1,168,642	$ 1,197,518
Cash and cash equivalents	18,591	20,195
Restricted cash	6,599	9,649
Operating lease assets, net	17,393	17,547
Hotel receivables (net of allowance for doubtful accounts of $330 and $300, respectively)	3,134	2,921
Deferred costs, net	3,569	4,038
Prepaid expenses and other assets	8,382	2,813
Total assets	1,226,310	1,254,681
Liabilities and Equity:
Mortgage debt, net	141,309	157,211
Revolving credit facility	100,000	110,000
Unsecured term loan, net	139,747	139,638
Accounts payable and accrued expenses (including $609 and $490 due to related parties, respectively)	29,271	29,621
Operating and Finance Lease, Liabilities	20,508	20,634
Distributions payable	6,595	5,580
Total liabilities	437,430	462,684
Commitments and contingencies (Note 13)
Equity:
Preferred shares, $0.01 par value, 100,000,000 shares authorized; 4,800,000 and 4,800,000 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	48	48
Common shares, $0.01 par value, 500,000,000 shares authorized; 48,982,638 and 48,912,293 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	490	489
Additional paid-in capital	1,048,151	1,046,812
Accumulated deficit	(293,990)	(289,130)
Total shareholders’ equity	754,699	758,219
Noncontrolling Interests:
Noncontrolling interest in Operating Partnership	34,181	33,778
Total equity	788,880	791,997
Total liabilities and equity	$ 1,226,310	$ 1,254,681